Generally around $200,000, in exchange for 5.33-10% equity. Plus:
Access to Quake resources for life
Acceleration in a 12-week Quake program with intense, hands-on mentorship from Quake Mentors
Connections to the Quake network of founders, alumni and mentors globally
Perks worth over $1M
Office space for three months
Demo Days and other investor connections
What kind of companies do you fund?
We are industry agnostic, so we don't focus on any specific verticals. We fund companies that we know we can amplify. We’re also looking for companies that can have national or worldwide reach. Specifically, we don’t fund pharmaceutical companies, restaurants, consultancies, or other local service-oriented companies.
Do you fund companies that are competitive with each other?
We do our best to avoid accepting competitive companies into the same program class. However, with the growing number of Quake companies, it is possible that there may be competitive companies in the broader Quake network. In the event there is a company in the Quake portfolio that’s competitive, we work tirelessly to ensure there is no exchange of sensitive data.
Why does Quake want stock in my new company?
Like you, we’re entrepreneurs. We think that the value of the learning, networking, and mentoring provided by the program is of tremendous value. The Quake program will provide you with the healthiest possible start and greatly improve your chances for success and sustainability. Once we invest, we’re motivated to help you succeed by introducing you to people who can help, assisting you with strategy, finding more investors, and generally helping you win all along your entrepreneurial journey. That’s a good deal for both of us.
Is my company “too far along” to apply to Quake?
Probably not. We’ve had companies that had already raised $1M+ in funding apply. Likewise, nothing is too early. We’re open to accepting companies with no more than an idea, a dream, and maybe a dog. Do the work.
After I apply, I’m thinking of emailing many of the mentors to get them interested in what I’m doing. Good idea?
No. We receive thousands of applications, which is why we have an application process. Systematically emailing some or all of our mentors in order to try to influence them before being accepted into the program will hurt you more than it will help you (because they’ll complain about it to us). The mentors are dedicated to helping the companies that we select, but are not a part of the selection process. Please don’t bombard them with emails.
Can I stop by your office to say hello?
Please don’t stop by our offices without an appointment. This is not a good example of persistence on your part and it will negatively influence your application. We are happy to consider taking an appointment, so please contact us instead.
Do I have to be in the Quake location for the entire 3 month period?
Yes. We do require that you be primarily based on site during the program. This benefits you because you can take advantage of the numerous learning opportunities, networking, and coaching that will be provided. The amount of serendipity, unannounced-drop-in mentors, and camaraderie that is developed during the program is staggering. Quake is a major commitment, and we expect you to be around most of the time. However, it’s your company, you call the shots, so traveling as necessary for business or family requirements is okay by us.
Do I have to stay in that city when the program ends after 3 months?
No. It’s your company, so live wherever you want to. Many companies do decide to relocate to the city where they went through their Quake program because of the vast local network that they can continue to tap into once the program concludes.
Can I apply if our company or founders are not from the US? Can you help with Visa/immigration issues?
Yes. Anyone from anywhere can apply, and we’ve funded many non-US companies in the past. You do have to be legally in the U.S. during the program, of course. Once accepted, we can help with legal/immigration issues by leveraging our contacts and network to help. However, we cannot help with them in advance of acceptance to Quake.
What else does Quake provide? Office space, internet, legal, hosting, etc.?
We provide working and meeting spaces, as well as a nice lounge, all with super fast and reliable wireless Internet access. Quake companies automatically receive benefits worth $1M. Basically, we’ll help you get everything covered with minimal expense. We just want you to focus on creating a great company while you’re here, and not have to worry about all of the other stuff.
How can we get funded after Quake ends?
We provide the seed funding to get you going, but you may well need more funding to really make it. At the end of the three month program, we’ll organize a Demo Day where angel investors, venture capitalists, and family offices will check out your product and listen to your pitch. Usually we have about 100-200 investors there. We’ll coach you so you’re as effective as possible, and do everything we can do help get you follow-on funding. We may also fund your company further through our High-Conviction Fund, a special arm of Quake that focuses solely on follow-on investments in past accelerator companies.
What sort of control am I giving up by granting equity to Quake?
Quake wants to be viewed as a co-founder. In a nutshell, we don’t want any special or controlling interests in your company. We won’t ask for a board seat or for any uncommon investor rights. You will still run the show.
I’m a single founder. How can I find a co-founder?
While we don’t screen applications just because they have a single founder, it does make things more difficult. We look for great, balanced teams who have a full range of skills. We strongly advise you to seek co-founders who balance your skill set. For example, if you’re a strong developer, you might consider adding someone with business and/or marketing experience. If you’re a great business evangelist with no developer, it’s very unlikely we’ll accept you into the program, so go find a rock star developer to join you. We suggest your local tech meetups, and a healthy dose of networking.
Where will we live while we’re there?
That’s up to you – we don’t provide a place to live. If you’re accepted into Quake, we provide support and exclusive discounts to help you obtain affordable housing. It hasn’t been much of a problem for past founders.
How do you choose which companies to accept into the program and to fund?
We will choose great founders who are proposing products that solve real problems or create meaningful innovations. For us, it’s about the team. Because of this reason, we’re less likely to accept single founder companies. The best things you can do to strengthen your application are:
Round out your team with business, technical, and other necessary skills
Make progress on your prototype or product and reference it in the application
Show us you’ve really thought about your business and have gotten off your butt to do something about it
Demonstrate early traction or provide data points to validate your core assumptions
Is my age a factor in your selection process?
When will I hear back about my application?
We try our best to notify applicants at least 1 month before the program starts.
What time specifically do applications close?
All applications close at 11:59 p.m. Pacific Standard Time on the date indicated on our application page.
Do I need to send in a business plan?
Nope. Just fill out the online application – that’s all you need for us. In fact, we probably don’t want to see your business plan if you have one.
When is the deadline to apply and what’s the overall timeline?
Check our site for details. Once you have submitted, you can’t edit the fields. That’s okay! You can always add notes, video URLs, and progress details in the notes section.
Do I have to work out of the Quake office?
We highly encourage it. We provide the space and our locations are fully equipped and have both traditional desks and lounge-like space. We do believe there is a great deal of value in being in the space together because the other companies and mentors interacting there present a great opportunity.
I’m concerned that if I apply, you won’t protect my intellectual property. Should I be worried about this?
We’re certainly not in the business of stealing ideas, and we treat application data as confidential information. Each year, we see thousands of applications and many of them include similar ideas. For this and other practical reasons, please don’t ask us to sign an NDA. Our application does not ask for your “secret sauce” and there is no reason you have to disclose this to us if you’re not comfortable doing so. We hope that our reputation speaks for itself on this topic.
Do you ever offer internships to people interested in Quake?
Yes, apply to be a Junior Associate. Email firstname.lastname@example.org for NYC, email@example.com for LA, and firstname.lastname@example.org for Austin.
My team outsources software development. Are we still qualified to apply?
Yes. We think it’s best not to outsource what you are, but it obviously works in some cases. We’re happy to consider any application. Just remember that we’re primarily focused on the team.
If I was previously rejected, can I still apply?
Of course! There is no downside to applying more than once. If you were not accepted on your first try, but chose to keep making progress on your business, please reapply to the program.
Other comments, questions, or concerns?
Didn’t find the answer you were looking for? Send us an email at email@example.com and we’ll get back to you shortly!
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